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Article Date: October 2018
Word Count: 333

MAP Active Goes Public in Indonesia


MAP Active Adiperkasa, which claims to be the number one sporting goods retailer in SE Asia with over 900 retail stores in Indonesia, was spun off from parent Mitra Adiperkasa in a July IPO. In 2017, full-year sales were IDR 5,076,181 ($352.1 mm) up 12% from IDR 4,533,664 the year before, and growth has accelerated in 2018 as it aggressively opens stores toward a goal of 1,000 doors by the end of the year. The company now trades under the symbol MAPA on the Indonesia Stock Exchange. Indonesia has a population of 261 million, and is the fourth most populous ... Log in to view full article.

 


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